Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 64.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,142 shares of the company's stock after selling 32,720 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in Bilibili were worth $347,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Bilibili by 16.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after acquiring an additional 209,963 shares during the period. Trexquant Investment LP boosted its position in Bilibili by 9.3% in the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock worth $13,671,000 after purchasing an additional 63,960 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Bilibili during the 4th quarter worth approximately $11,584,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Bilibili by 3,328.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock valued at $11,020,000 after purchasing an additional 590,763 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Bilibili by 8.1% during the 4th quarter. Schroder Investment Management Group now owns 531,047 shares of the company's stock valued at $9,771,000 after purchasing an additional 39,616 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Price Performance

BILI stock traded down $0.35 during midday trading on Thursday, reaching $20.25. The stock had a trading volume of 2,759,778 shares, compared to its average volume of 6,238,716. Bilibili Inc. Sponsored ADR has a 52-week low of $12.72 and a 52-week high of $31.77. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $18.22 and its 200 day simple moving average is $18.76. The company has a market cap of $8.44 billion, a price-to-earnings ratio of -101.24 and a beta of 0.89.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BILI shares. Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. HSBC raised Bilibili from a "hold" rating to a "buy" rating and upped their price target for the stock from $21.50 to $22.50 in a report on Wednesday, May 21st. Benchmark raised their price objective on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Barclays upped their target price on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Bilibili presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.62.

Bilibili Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.